LTB: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LTB
Largest movements
- Receivables within one year +€17,326
new in 2025: €17,326
of which Trade receivables: +€17,320
- Tangible fixed assets +€3,412
new in 2025: €3,412
- Cash -€2,197
down €2,197 (-73.2%), from €3,000 to €803
mainly Receivables within one year (-€17,326) and Net result for the year (-€16,816)
- Trade debts +€18,170
up €18,170 (+1400.7%), from €1,297 to €19,467
- Profit (loss) carried forward -€16,816
down €16,816 (-1296.4%), from -€1,297 to -€18,113
- Other debts +€12,230
new in 2025: €12,230
- Tax, wage and social debts +€4,040
new in 2025: €4,040
of which Taxes: +€2,386
- Short-term financial debts +€917
new in 2025: €917
- Gross operating margin -€13,864
down €13,864 (-1068.8%), from -€1,297 to -€15,162
- Other operating charges +€787
new in 2025: €787
- Depreciation +€625
new in 2025: €625
- Financial charges +€302
new in 2025: €302
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,000 | €21,541 | +€18,541 | +618.0% |
| Fixed assets | 21/28 | - | €3,412 | +€3,412 | |
| Tangible fixed assets | 22/27 | - | €3,412 | +€3,412 | |
| Plant, machinery and equipment | 23 | - | €3,412 | +€3,412 | |
| Current assets | 29/58 | €3,000 | €18,128 | +€15,128 | +504.3% |
| Amounts receivable within one year | 40/41 | - | €17,326 | +€17,326 | |
| Trade receivables | 40 | - | €17,320 | +€17,320 | |
| Other amounts receivable | 41 | - | €6 | +€6 | |
| Cash at bank and in hand | 54/58 | €3,000 | €803 | -€2,197 | -73.2% |
| Total equity and liabilities | 10/49 | €3,000 | €21,541 | +€18,541 | +618.0% |
| Equity | 10/15 | €1,703 | -€15,113 | -€16,816 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,297 | -€18,113 | -€16,816 | -1296.4% |
| Amounts payable | 17/49 | €1,297 | €36,654 | +€35,357 | +2725.7% |
| Amounts payable within one year | 42/48 | €1,297 | €36,654 | +€35,357 | +2725.7% |
| Financial debts | 43 | - | €917 | +€917 | |
| Credit institutions | 430/8 | - | €917 | +€917 | |
| Trade debts | 44 | €1,297 | €19,467 | +€18,170 | +1400.7% |
| Suppliers | 440/4 | €1,297 | €19,467 | +€18,170 | +1400.7% |
| Taxes, remuneration and social security | 45 | - | €4,040 | +€4,040 | |
| Taxes | 450/3 | - | €2,386 | +€2,386 | |
| Remuneration and social security | 454/9 | - | €1,655 | +€1,655 | |
| Other amounts payable | 47/48 | - | €12,230 | +€12,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €625 | +€625 | |
| Other operating charges | 640/8 | - | €787 | +€787 | |
| Gross operating margin | 9900 | -€1,297 | -€15,162 | -€13,864 | -1068.8% |
| Operating profit (loss) | 9901 | -€1,297 | -€16,574 | -€15,277 | -1177.7% |
| Financial income | 75/76B | - | €59 | +€59 | |
| Recurring financial income | 75 | - | €59 | +€59 | |
| Financial charges | 65/66B | - | €302 | +€302 | |
| Recurring financial charges | 65 | - | €302 | +€302 | |
| Profit (loss) for the period before taxes | 9903 | -€1,297 | -€16,816 | -€15,519 | -1196.4% |
| Profit (loss) for the period | 9904 | -€1,297 | -€16,816 | -€15,519 | -1196.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,297 | -€16,816 | -€15,519 | -1196.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.